by Daan Steenkamp | Jul 29, 2021 | Business, Economy, Practice, Property, Snippet
Economy Those in the know say that our Rand, at its current US dollar exchange rate, is now fairly valued. If one accepts the Big Mac Index, the real value of the rand should be at about R5.93/US $. That index says that ours is the third most undervalued currency. You...
by Daan Steenkamp | Jul 19, 2021 | Business, Economy, Practice, Property, Snippet
Economy Reform? Us? Those who govern us are not listening: the World Bank says that SA’s medium-term growth outlook is too low to significantly improve socioeconomic conditions and reduce unemployment: Reference Most economists predict that our repo rate will probably...
by Daan Steenkamp | Jul 12, 2021 | Business, Economy, Practice, Property, Snippet
Economy Our state needs to save money to meet budget restraints. Transnet employees were given a 5% rise. The state has just made an increase offer to it public servants generally of 1.5% plus R1000 – for the bottom end bunch this amounts to an effective 11% pay rise...
by Daan Steenkamp | Jun 28, 2021 | Business, Economy, Practice, Property, Snippet
Economy Our economy is recovering and so is our Consumer Price Inflation rate: speculation holds that the Reserve Bank is expected to begin to hike interest rates later this year. Boring. The truth is not always saleable. An argument was raised this week, that BEE...
by Daan Steenkamp | Jun 14, 2021 | Business, Economy, Practice, Property, Snippet
Economy Progress: is unlocking embedded power generation not perhaps a catastrophe? Much has been made of the surprise move to increase the generation threshold for companies without a licence from 1 MW to 100 MW, holding that this would unlock investment and growth,...
by Daan Steenkamp | Jun 8, 2021 | Business, Economy, Practice, Property, Snippet
Economy The sums involved in dodgy and dishonest deals brokered by our political incumbents in government are staggering: just those in Eskom are said to amount to R178bn; easily enough to vaccinate everyone in South Africa against CV 19. Then there is the R500bn lost...
